by Eileen Monsesson | Oct 13, 2025 | Tax Tips
The IRS has announced its 2026 inflation adjustments, which impact more than 60 tax provisions, including revised tax brackets, standard deductions, and other key thresholds. Revenue Procedure 2025-32 also details several provisions tied to the One Big Beautiful Bill...
by Eileen Monsesson | Oct 13, 2025 | News
New Jersey’s minimum wage will rise to $15.92 an hour for most workers on January 1, 2026 — a 43-cent increase. For employees of small businesses and seasonal employers, the rate will continue to climb gradually to ease the burden on these operations. Their hourly...
by Eileen Monsesson | Jul 10, 2025 | Tax Tips
The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, represents one of the most comprehensive overhauls of federal tax incentives in recent history. Designed to reshape the landscape for clean energy, manufacturing, and economic growth, the legislation...
by Eileen Monsesson | May 23, 2025 | Tax Changes
On May 22, 2025, the House of Representatives passed H.R. 1, sending a broad tax and domestic policy package to the Senate for further consideration. While the bill represents a significant step in advancing President Trump’s proposed agenda, none of its provisions...
by Eileen Monsesson | May 21, 2025 | Tax Changes
As of May 21, 2025, President Trump’s proposed tax legislation remains under active debate and revision. Introduced as part of a broader budget reconciliation package, the proposal seeks to extend or expand key provisions from the Tax Cuts and Jobs Act (TCJA) while...
